ETH possible correction
ETHUSD is going inside downtrend channel and after fail prompt of breaking the down border line of the channel, we consider the possible correction upward wave.
The main resistance zone is around 157$, in case of breaking it through ETH can reach 0.618 Fibo around 173. This level is also strengthened by 50 daily MA.
After all, RSI is oversold and MACD shows the correction likelihood (Daily).
DMI is still strong sell so this move of the price we review exclusively as the correction.
The main resistance zone is around 157$, in case of breaking it through ETH can reach 0.618 Fibo around 173. This level is also strengthened by 50 daily MA.
After all, RSI is oversold and MACD shows the correction likelihood (Daily).
DMI is still strong sell so this move of the price we review exclusively as the correction.
Lucky trading and don't forget about risk management rules.
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Twitter: twitter.com/CrptScan
Public Telegram Channel: t.me/sadhayes
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